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theguardian.com
UK houses near top state secondary schools cost £40,000 more, research reveals
Premium of nearly 10% paid by housebuyers comparable with cost of a cheaper private school over seven yearsA house near a top state secondary school costs an extra £40,000 on average, according to research that reveals education premiums that rank alongside some private school fees.The average property in a postcode district that includes a top 50 state secondary commands a price tag of £415,791, compared with £375,217 across the wider local authority areas in which those schools are located, a UK-wide analysis by the estate agent Yopa found. Continue reading...
cnbc.com
CNBC's The China Connection newsletter: McKinsey's contrarian economic view
In many ways it seems that the party has ended for many U.S. and European corporations that once enjoyed a big advantage in China.
bbc.co.uk
How Shein lost its shine ahead of long-awaited stock market debut
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.
bbc.co.uk
Japan Inc is betting big on India as China risks deepen
Japanese companies are doubling down on India amid a shrinking domestic market and rising risks in China.
cnbc.com
Microsoft Outlook and OpenAI's ChatGPT Work are experiencing user outages
OpenAI's ChatGPT Work offering was down for some users on Monday, and Microsoft said it was having issues with Exchange Online.
bbc.co.uk
Amazon rigged billions in ad pricing, lawsuit from states and US watchdog alleges
Amazon responded to the lawsuit, arguing the US Federal Trade Commission "misunderstands" their ad market.
cnbc.com
Supreme Court lets Trump build White House ballroom as lawsuit continues
Chief Justice John Roberts dissented with three liberal justices, saying, "That construction is likely unlawful."
cnbc.com
Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon
President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.
cnbc.com
Bessent pushes back on Druckenmiller critique of bond intervention
Bessent, at a G20 finance meeting, told CNBC he spoke with Stanley Druckenmiller after his critical op-ed was published and that their conversation went "fine."
cnbc.com
Trump says U.S. growth could hit 20%. It’s happened only once since WWII
Trump argued rapid growth should not prompt Fed rate hikes, even as inflation remains above the central bank’s 2% target.
cnbc.com
FTC sues Amazon, accusing the e-commerce giant of misleading advertisers
The FTC sued Amazon, alleging the company misled advertisers through a deceptive auctioning system.
cnbc.com
Trump strikes new drug pricing deals with nine midsized drugmakers
The string of deals builds on the Trump administration's push to link the nation's drug prices to cheaper ones abroad.
cnbc.com
Brent jumps above $90 after flare-up in U.S.-Iran hostilities
Oil prices moved higher Monday, after the U.S. struck Iranian targets for the first time in weeks.
cnbc.com
Markets see Warsh endorsing a rate hike in September. Not everyone is convinced
The path toward the move still looks cluttered.
cnbc.com
Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up
The expectation had been for falling rates this year, but the war with Iran and its resulting rise in oil prices upended that.
cnbc.com
Trump says U.S. communities opposing AI data centers could end up 'backwards and poor'
"China could not be happier with this anti Data Center movement," Trump said as Republicans express concerns about the backlash to data centers.
bbc.co.uk
Kushner states regret over World Cup sell-off plan
Venture capitalist Joshua Kushner says he would not have got involved in Fifa president Gianni Infantino's scrapped plan to sell off stakes in the World Cup if he had known how the football world reacted.
cnbc.com
Broadcom reports earnings this week. Mike Khouw says this trade could be a winner
"The stakes are high" heading into Broadcom earnings, says Mike Khouw.
theguardian.com
The Guardian view on regulating big tech: Meta has got off too lightly | Editorial
New child safety measures are welcome, but the wider risks posed by these platforms remain unaddressed “Hook, hold, harvest and hide” was how Megan O’Neill, a lawyer for the US state of California, characterised Meta’s business model in the trial that ended last week with an $18bn settlement, to be shared between the states and territories that brought the case. It was a clever way to describe the company’s approach to users’ attention and data. But the sharpness of her words was not matched by the deal. While the strengthening of child safety features is welcome, the tech giant once again batted off efforts to alter its products.Meta’s decision to settle enabled it to avoid any admission of liability. It put a stop to the awkward questions being asked of witnesses including Adam Mosseri, Instagram’s CEO, and the damaging claims made by whistleblowers such as Arturo Béjar. This former Meta safety engineer told the court that his own daughter had been sent unsolicited photos of male genitals on Instagram.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.co.uk
AI could cause global economic downturn, Andrew Bailey warns G20
The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.
cnbc.com
OpenAI's ad business shows blistering growth, hits $1 billion annualized revenue run rate
OpenAI's move to serve ads in ChatGPT earlier this year drew ridicule from its chief rival, Anthropic, in the form of a Super Bowl commercial.
theguardian.com
How to tackle the climate impact of datacentres | Letters
Datacentres should generate their own power and control their emissions, writes Richard Lamming, while Michael McClelland says we should reduce our digital communication. Plus a letter from Malcolm FraserThe case of future datacentres demanding more electricity than the entire United Kingdom (Two planned datacentres will have higher UK carbon emissions than ExxonMobil, analysis finds, 25 August) is an example of corporates transferring their problems to society and the electorate. This must not be allowed to happen.One solution would be to make each datacentre responsible for generating all its own electricity and for reducing its CO2 emissions to zero. These installations will have vast areas of roofing and car parks that could be covered in solar panels, space for wind generation and battery storage, and for emissions scrubbers. Continue reading...
theguardian.com
£4,000 for a teddy bear?! How cuddly toys became luxury items
Designs by Louis Vuitton, suits by Savile Row: these are not your run-of-the-mill teddies. But who’s buying them?Name: Teddy bears.Age: 124 years old. Continue reading...
theguardian.com
Burnham’s bumpy ride ahead: PM’s in-tray full of dilemmas as parliament returns
Labour leader faces tough decisions on issues such as North Sea drilling, electoral reform and defence spendingAfter a relatively cheery summer in which he announced a range of eye-catching cost of living policies, Andy Burnham may find his return to parliament this week to be a rude awakening.While the new prime minister has enjoyed some success in the polls, he is faced with many of the same problems that stymied Keir Starmer and has some difficult and unpopular choices to make. Continue reading...
theguardian.com
The law won't save us from Meta's 'pervert glasses'. The only solution is mockery | Jonathan Liew
These things are undermining not just our public spaces but the very nature of being human. Let’s shame them off the streetsSo far I am yet to be tempted into purchasing a pair of Ray-Ban Meta glasses. To a certain extent this is a function of possessing a large, misshapen and comically convex head upon which no pair of sunglasses has ever looked remotely appropriate. Nor am I one of those consumers who professes to be “really into gadgets”, a preference I’ve always found weirdly unspecific. It’s subtly telling when people claim to be into “gadgets”, because they’re never talking about, say, a tin opener. What they really mean is something gimmicky and expensive that almost certainly requires the services of a datacentre and enough water to irrigate Kent.And even if I were to surmount these two obstacles, you then get into the ethics of the thing. I’m nobody’s idea of a PR expert, but if your shiny new product keeps requiring patches and updates to prevent people from using it to do degenerate things to women, perhaps it might be worth walking it back to the research and development stage.Jonathan Liew is a Guardian columnist Continue reading...
theguardian.com
BT on track for estimated £2bn windfall from selling old copper amid AI boom
Telecoms company to benefit from soaring prices for recycled metal recovered from full-fibre broadband rolloutBT is on track for an estimated £2bn-plus windfall over the next decade from selling off old copper cabling, as it cashes in on soaring prices amid the AI market frenzy and switches the UK’s network to full-fibre broadband.Copper is one of the main beneficiaries of the “electrification of everything”, essential for the rapid growth of AI datacentres, electronics and the fast-growing renewable energy industry. Continue reading...
cnbc.com
Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
theguardian.com
Iran’s economy in crisis as US launches new sanctions campaign
Trump’s Operation Economic Outcast is expected to push many Iranians into deeper poverty as food inflation soarsFor many Iranians, the new US sanctions campaign, called Operation Economic Outcast, seems superfluous given the grim economic situation in their country.Iranians are facing runaway food inflation, closed petrol stations and a seemingly never-ending depreciation of the nation’s currency caused by a lack of foreign exchange reserves. Continue reading...
theguardian.com
Anthropic sued over alleged theft of ‘tens of thousands’ of songs
AI company faces multibillion dollar lawsuit over misuse of copyrighted songs to train Claude modelsAll AI wants for Christmas is a vast back catalogue of songs without paying for it, according to a multibillion-dollar lawsuit against the startup behind the Claude chatbot.Sony Music Publishing and Warner Chappell, music publishers who manage the copyright of songs on behalf of songwriters and composers, are seeking damages for alleged misuse of “tens of thousands” of copyrighted works by Anthropic. Continue reading...
theguardian.com
Defence spending is an insatiable beast. John Healey is right to tame it | John McTernan
The MoD grossly overspends then claims poverty. It’s high time it was treated as just one part of a progressive governmentNowhere was the confidence of the prime minister, Andy Burnham, shown as clearly as in his appointment of chancellor. There were weeks of speculation that this appointment was a choice between the energy secretary, Ed Miliband, and the home secretary, Shabana Mahmood, with their contrasting political economies.It has been a hallmark of Burnham’s politics that he and his team do not get involved in briefing wars, so it was only when former defence secretary John Healey appeared in Downing Street together with Mahmood that it was clear that the prime minister had cut the Gordian knot, reassuring the markets with a cool, calm political operator with extensive Treasury experience as chancellor. Healey’s two years in defence meant that he would know both sides of the argument when it came to one of the biggest questions of the forthcoming budget: how to meet the bold new Nato defence spending targets without derailing the social ambitions of the Burnham government. Continue reading...
theguardian.com
The London office, the empty boxes and the £1bn tax loophole
Exclusive: How a court case over an unoccupied office block could end a widely used tax avoidance schemeFrom the outside, the seven-storey building at 2 America Square looks like any other office block in the heart of London’s financial district.Located about half a mile from Tower Bridge, one might expect it to be a hive of commercial activity, teeming with employees holding important meetings. However, much of the property is home not to staff vying for their next bonus, but to stacks of nondescript black boxes arranged in neat lines. Continue reading...
bbc.co.uk
Business groups urge Swinney to scrap 'ineffective' food price cap plan
More than 20 organisations have written a joint letter to John Swinney urging him to scrap his plan for a legal cap on some food and drink prices.
cnbc.com
Santoli: Why investors should be on high alert heading into September
Investors should be on high alert because various key market metrics are coiling near consequential thresholds.
cnbc.com
Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed 'at odds' with Treasury
Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
cnbc.com
India’s economy expands 7.8% in fiscal first quarter, beating estimates
The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.
theguardian.com
‘Revenge of the Rust belt’: Starbucks film-maker on Baristas vs Billionaires
Director Mark Mori followed coffee chain workers’ struggle to unionize: ‘These young kids are so inspirational’As the food service industry was pushed on to the frontlines of the Covid-19 pandemic in 2021, workers at Starbucks stores in the Buffalo region of New York went public to announce their union-organizing campaign.Their efforts, and Starbucks’ responses, have culminated in one of the most expansive union-organizing campaigns – and one of the most aggressive union-busting campaigns – in modern US history. Continue reading...
theguardian.com
As US-Canada tensions flare, who’s calling the shots in Trump’s trade team?
US trade representative Jamieson Greer has a level-headed reputation but commerce secretary Howard Lutnick and White House adviser Peter Navarro also have key rolesHaving reportedly read Victor Hugo’s Les Misérables, in French, during a military tour of duty in Iraq, Jamieson Greer considered himself an unlikely target for accusations of francophobia.But Donald Trump’s US trade representative, hitherto one of the president’s less high-profile cabinet members, found himself in that uncomfortable position amid the acrimonious collapse of bilateral trade talks with Canada that now threatens to degenerate into an all-out trade war between the two close trading partners whose economies are tightly intertwined. Continue reading...
theguardian.com
Trump’s plan to sell off a part of Yosemite is what oligarchy looks like | Rebecca Solnit
Public lands belong to all of us. No one should plunder those lands for profitDo people still say a car was “sold for parts”? Because the US is being sold for parts or just handed over to the oligarchy. It’s a fire sale, a bankruptcy auction, it’s a planned dismantling of everything from its military to its institutions of higher education to its scientific research to its public lands.And while the threat to sell off part of Yosemite national park is about a quarter-mile parcel on the park’s edge, Yosemite is a crown jewel in the national park system and, arguably, the world’s first national park.Rebecca Solnit is a Guardian US columnist. She is the author of Orwell’s Roses and co-editor with Thelma Young Lutunatabua of the climate anthology Not Too Late: Changing the Climate Story from Despair to Possibility Continue reading...
theguardian.com
It’s time to get shirty about the short life of the football top
With millions of club shirts going to waste every season, a radical recycling rethink is neededWhen Joanna Czutkowna buried a Manchester United jersey, a cotton T-shirt and a wool-cotton jumper in her Lancashire farm and dug it up a year later, the video went viral. The T-shirt had disappeared, apart from the seams (sewn with polyester thread), the jumper was 80% gone, but the United shirt remained – grubby but indestructible. (Insert joke here)The big reveal was not a surprise, certainly not to Czutkowna, who has worked in textiles and sustainability for 20 years, but it was a reminder: a football jersey is not just for Christmas, or even the next hundred Christmases. Continue reading...
theguardian.com
AI could cause global economic downturn, Bank of England governor tells G20
Andrew Bailey, in role as financial stability watchdog chief, warns advanced models risk destabilising systemThe Bank of England’s governor, Andrew Bailey, has joined the throng of figures warning about the global risks posed by the most advanced artificial intelligence technology.In a two-page letter sent to international finance ministers and central bank governors as part of his role as chair of the international Financial Stability Board (FSB), Bailey said “frontier” AI models were “showing increasingly sophisticated autonomy and problem-solving abilities, as well as threat capabilities”. Continue reading...
theguardian.com
OnlyFans and AI training: why gen Z doesn’t care where our money comes from | Alice Lassman
With traditional goals such as stability and home ownership feeling out of reach, young people are focused on the presentBy now, we all know the shape of financial nihilism: the throw-your-money-at-anything reaction to the dissolution of the slow, linear path to wealth; the prediction markets, meme stocks, cryptocurrencies and microluxuries growing in its place. We’re left in an economic no man’s land. But financial nihilism only describes where we put our money. What about how we earn it in the first place?The modern economy has long relied on our need for stable employment – to pay the mortgage, to keep our kids fed, or, for some, to chase prestige and power – to generate the work ethic that keeps the wheel of production turning. None of this is going well for young people. Our jobs are insecure, we can’t afford houses, we’re deferring having kids (if we have them at all), and only 6% of us say a leadership position is our primary career goal. Hope is one of the economy’s most productive inputs, powering our willingness to endure long hours. When the production function of income – the mechanism that turns hard work into a stable salary, then a mortgage, then a pension – breaks down, so does our relationship with the input. I call this production nihilism: my generation’s growing indifference to the kinds of work we’re willing to participate in, and where we’re willing to earn. Continue reading...
theguardian.com
British Museum hosted Palantir founder Peter Thiel in private viewing of Bayeux tapestry
Concern among staff that fragile artwork’s scarce ‘light hours’ given to someone with no known interest in museumThe British Museum privately hosted the Donald Trump-supporting tech billionaire Peter Thiel in the exhibition space of the Bayeux tapestry earlier this month, the Guardian understands.The museum’s director of development, Charlotte Appleyard, hosted the PayPal founder at a VIP viewing of the tapestry, which is yet to open to the public, on 18 August. Continue reading...
cnbc.com
Russia preparing 'massive strikes' on Ukraine's energy sites after deadliest attack of the year
Russia's Defense Ministry has announced preparations for "massive strikes" on Ukraine's energy infrastructure.
theguardian.com
Trump’s trade war with Canada gets nasty – podcast
In the past couple of weeks, the Trump administration has reignited its trade war with Canada, threatened an ‘economic D-day’ against Iran and watched the US national debt surpass $40tn. Meanwhile, Donald Trump has personally made billions of dollars since returning to office.Jonathan Freedland speaks to Dan Alexander of Forbes about how Trump has amassed his fortune – and what his economic record could mean for voters in the midtermsWatch Jonathan Freedland on our new Politics Weekly YouTube channelSend your questions and feedback to politicsweeklyamerica@theguardian.comSubscribe to The Guardian Investigates podcast before the launch of season 2 of Black Box, coming next weekBuy a copy of Dan Alexander’s book White House, Inc here Continue reading...
theguardian.com
‘Breakthrough’ as Turkmenistan starts fixing ‘mindboggling’ methane mega-leaks
Secretive state begins repairs on ageing facilities after being revealed as worst country for leaks of potent greenhouse gasTurkmenistan has started plugging the mega-leaks of methane that spew from its ageing oil and gas facilities, the latest UN data shows, in a move hailed as a breakthrough.Methane, also called natural or fossil gas, is a potent greenhouse gas. It traps 80 times more heat than carbon dioxide and causes 25% of global heating today. Stopping leaks can be quick and cheap and, because methane breaks down in the atmosphere far quicker than CO2, this has a rapid impact, with some experts calling it the climate “emergency brake”. Continue reading...
cnbc.com
U.S.-Iran escalation shows Washington's frustration with slow-moving sanctions
Renewed hostilities reopen the question of whether the conflict is grinding toward a settlement or further escalation.
theguardian.com
First-time buyer Isa v lifetime Isa – which one should you choose?
Despite plans to scrap the lifetime Isa, experts still advise you open one now and not wait for the new first-time buyer account to launchIf you want to start saving towards your first home, don’t wait until a new Isa just for first-time buyers goes on sale. That is the advice from experts after more details emerged about a savings account the government plans to launch to help people get a foot on the property ladder.The first-time buyer Isa is likely to replace the existing lifetime Isa in two years and is supposed to be simpler than the older account. However, it looks as if the financial benefits won’t be as attractive as those offered by the current product, so there’s no advantage in hanging around. Continue reading...
cnbc.com
India’s largest private lender HDFC Bank sees shares rise after CEO announces surprise exit
Shares of HDFC Bank were up even as the company's chief executive officer made a surprise announcement to not seek reappointment.
cnbc.com
France is becoming the ‘poster child’ of sovereign debt problems as government borrowing costs hit near 2008 highs
France's debt burden and political gridlock are pushing borrowing costs toward levels not seen since 2008.
cnbc.com
China's Xi builds diplomatic clout with multiple state visits ahead of Trump summit
Chinese President Xi Jinping is expected to make his first visit to India before traveling to the U.S. for a meeting with U.S. President Donald Trump.
cnbc.com
BYD shares slide as fierce China competition dents first-half earnings
BYD shares slid after the automaker released its latest results on Friday, despite higher second-quarter profit and overseas growth.
theguardian.com
UK households will take £2,400 financial hit from Iran war, analysis shows
Centre for Economics and Business Research calculates effect of inflation and wage stagnation to end of 2027UK households will have suffered a £2,400 financial hit, on average, from the Iran war by the end of 2027, new analysis shows.The Centre for Economics and Business Research (CEBR) has calculated that the jump in inflation since the conflict began, and weaker wage growth, will knock £1,100 off the real income of the average UK household in 2026, and by a further £1,300 in 2027. Continue reading...
cnbc.com
China's factory activity shrinks for second straight month, contracting less than expected
China's manufacturing activity shrank for a second straight month, keeping pressure on Beijing to support the economy as growth loses momentum.
cnbc.com
Meta- and Google-backed Indian telecom operator Jio Platforms gets regulatory nod for IPO
India's largest digital and telecom operator, Jio Platforms, got a regulatory nod for an IPO, but the National Stock Exchange, another mega issue, is still awaiting regulatory clearance.
bbc.co.uk
How the US-Canada trade war is being felt on both sides of the border
The US-Canada trade war is being felt on both sides of the border.
cnbc.com
K-beauty giant APR's shares up 100% this year ahead of U.S. Costco launch in September
APR is accelerating its U.S. retail expansion with a Costco launch in September, as the K-beauty company's shares have surged nearly 100% this year.
bbc.co.uk
'My parents won't lend me £10k but helped my brother': When families play financial favourites
So-called financial favouritism can cause jealousy and resentment long into adulthood. Here is how experts say you can avoid it
theguardian.com
Discount gas stations praised by Trump sold $4m of stolen fuel, lawsuit claims
KRSM, company that supplied fuel to Freedom Fuel Network, stole millions worth of gas, Mansfield Oil allegesThe company that supplied fuel to the discount gas stations praised by Donald Trump is being sued for allegedly stealing nearly $4m worth of gas.Mansfield Oil Company of Gainesville sued KRSM and its president, Syed Kazmi, for allegedly picking up about 1.1m gallons of fuel from 21 May to 7 July, worth more than $3,998,000, and not paying for it. Continue reading...
cnbc.com
Aon nears $17 billion deal to buy insurance broker USI from KKR, WSJ reports
Aon is nearing a roughly $17 billion deal, including debt, to acquire insurance brokerage USI from KKR, the Journal reported.
cnbc.com
Trump criticizes NBC over election comment as Treasury denies some NYT, WSJ and Bloomberg reporters G20 credentials
Trump's attack on NBC comes after the Treasury barred journalists from The New York Times, The Wall Street Journal and Bloomberg from attending the G20.
bbc.co.uk
School uniform swap shop 'saves money and tackles second hand clothes stigma'
A free initiative which started with one school four years ago now has more than 200 involved.
theguardian.com
The datacenter backlash is bringing the entire political spectrum together – against big tech billionaires
The movement against datacenters is uniting Americans because they perfectly illustrate how a few individuals hold all the power to control decisions that affect our livesBryce Gustafson has been knocking on doors in Indiana for more than a decade. The lead organizer with Citizens Action Coalition (CAC), a consumer and environmental organization, he usually encounters a mix of reactions when he’s out canvassing; whatever issue he’s talking about, there’s always at least a few people on the other side. But at a recent festival in the rural town of Monrovia, Indiana, he was struck by an unusual spirit of unity.He was there about a proposed datacenter, a 550-acre (222-hectare) Google project in this small town of 1,600 people. “I had 50 people I talked to,” Gustafson told me. “Nobody wanted that datacenter in their community. And at least a half a dozen people came up to me to say, ‘Hey, I voted for Trump. What the heck’s he doing, supporting these things?’” Continue reading...
theguardian.com
Venezuela’s Delcy Rodríguez defends ‘endless’ benefits of her oil deal with Trump
Deal that will reportedly see US take control of 65bn barrels of Venezuelan oil has provoked outrage in her countryVenezuela’s interim president, Delcy Rodríguez, has defended her government’s highly controversial energy deal with Donald Trump, insisting the South American country will maintain ownership and sovereignty over its massive oil reserves.Rodríguez, who assumed power in January after Trump ordered the abduction of the president, Nicolás Maduro, took to the airwaves on Saturday to push back against criticism of what the US president has called “the biggest oil deal in world history”. Continue reading...
theguardian.com
Nurture not nature? How young women can learn to better wield economic power | Heather Stewart
Project in Zambia shows how teaching young women to negotiate better can have a long-term impact on their prospectsWomen making their way in patriarchal societies down the ages have always had to wield their meagre economic power deftly. New evidence from a fascinating research project in Zambia suggests that’s a skill that can be learned.A team of female US academics have been gathering data for more than a decade, which shows that teaching young women to negotiate better can have a long-term impact on their prospects. Continue reading...
theguardian.com
‘Without us, no wheel would turn’: the unsung heroes keeping England’s transport moving
On shift, but out of sight ? from ?that person with the table tennis bats? on the airport tarmac to remote signallers managing rail trafficNot many people get to park their car here ? bang in the middle of Heathrow airport, on the taxiway just a stretch of grass away from where a line of passenger planes is coming in to land.It?s close enough to see the shimmering air and smoke as nose tyres hit the tarmac. ?An o80 will put down as much rubber as a car?s entire tyre,? Jack Quantick-Thorne says. He knows ? part of his job is to ensure the runway team scrapes it off and patches things up overnight. And it is all recycled, he adds. Continue reading...
cnbc.com
Icelanders reject reopening talks to join the EU despite Trump's Greenland threats
Icelanders voted 52.8% to 47.2% against reopening talks to join the European Union.
theguardian.com
‘It’s therapy by stealth’: the adult fans helping Lego build its billions in sales
A growing number of people are rediscovering their love of plastic bricks in later life and boosting the Danish company’s bottom lineIn a cosy cafe in Kingston upon Thames on the outskirts of London, nine people gather in the early evening to drink and talk. To the casual observer it may look like a book club, but when the friends reach into their bags it’s not paperbacks they produce – but packs of Lego.Geoff Lay, who organised the gathering, worked in software development before recently starting Noble Brick, a Lego-focused events organisation. Continue reading...
theguardian.com
Train drivers secure 3.6% pay rise after threat of strikes on busy UK routes
Deal agreed between Avanti West Coast and Aslef is first to be approved by Burnham governmentTrain drivers have secured a significant pay rise after the threat of strike action was floated on busy routes across the UK, including on the busy London-Manchester line.The deal, which was agreed on Saturday between Avanti West Coast and the Associated Society of Locomotive Engineers and Firemen (Aslef) union, is the first to be approved by Andy Burnham in his premiership. Continue reading...
theguardian.com
AA could face £5bn takeover move by German insurer Allianz, reports claim
Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell companyThe German-based financial services company Allianz is considering a £5bn takeover swoop for AA, the breakdown recovery group, Sky News has reported.Allianz was one of a small number of parties holding talks with advisers to AA about a deal, Sky News said, adding that the private equity outfit EQT was another bidder. Continue reading...
theguardian.com
Women in UK arts feel they do not have equal opportunities for roles, says report
Exclusive: Research says sector is fixated with young talent, with most women experiencing unconscious bias or sexismWomen working in the arts believe they do not have equal opportunities for roles, especially as they get older, according to a report saying that the industry is fixated with “young and emerging” talent.Nearly all (95%) women working in the arts thought gender inequality persisted, while three-quarters (75%) reported experiencing unconscious bias or sexism, according to a survey of 76 arts professionals. More than two-thirds (69%) felt that age negatively affected their career success – a figure that rose to 100% among those working in artistic rather than managerial roles. Continue reading...
theguardian.com
Pet owners at risk of being ripped off by private equity firms as vet ownership rules change
Critics say changes by CMA will allow multinationals to obscure their ownership of vet practicesPet owners have been warned that they could be unknowingly ripped off by private equity firms who have bought local vet clinics, after the Competition and Markets Authority (CMA) removed requirements for multinational companies to disclose which practices they own.The CMA recently ran an investigation into the monopolisation of vet practices, and found that the lack of competition and transparency of ownership had led to high prices and a lack of information for customers. Pet owners were often unaware their local vet practice could be owned by an international private equity company. Continue reading...
theguardian.com
South West Water has worst environmental record in England, analysis shows
Exclusive: Friends of the Earth finds greatest sewage discharge in Devon, Cornwall, Dorset and Somerset‘Tiny bit of rain and the sewage comes’: Brighton swimmers vent fury at sea pollutionSouth West Water is doing more harm to the environment than any other water company in England, according to new analysis, with more sewage discharged in Devon, Cornwall, Dorset and Somerset than anywhere else.Friends of the Earth analysed water companies’ environmental performance in six categories: sewage spills, water quality at bathing sites, pollution incidents or warnings at bathing sites, severity of sewage pollution at bathing sites, the percentage of rivers rated below the standard for good ecological health, and the affordability of bills. Continue reading...
theguardian.com
On long road back from Brexit, north-east’s recovery rides on survival of Nissan’s ‘shining star’ plant
Operating at only half its capacity, Japanese carmaker’s Sunderland factory seeks deal with China’s Chery as it battles Brexit threatsIn a factory in Gateshead, engineers carefully wind metal wires around iron cores to go in electric motors. Here, workers produce a smaller “pancake motor”, which generates higher torque than conventional versions for supercars or construction equipment.These workers form part of north-east England’s automotive industry, which has experienced a long line of political disruptions, from Margaret Thatcher’s efforts to attract international investment, through Brexit and now Andy Burnham’s reindustrialisation strategy. Continue reading...
theguardian.com
‘You’re at war when you get attacked’: Mark Carney shows combative nature in face-off with Trump
The Canadian PM is one of the few world leaders to stand up to the US president. Former colleagues say they are not surprisedMark Carney stood before a walnut-veneered lectern, his face drawn tight, as he announced that talks with Canada’s biggest trading partner had collapsed. “Last spring, I warned that America is trying to break us so that they can own us,” he said. “And I promised: that will never, ever happen. We are keeping that promise.”For years, the former central bank governor had worked hard to calm markets. Now, he was asking Canadians to accept uncertainty and confrontation. Continue reading...
bbc.co.uk
Trump hails 'historic' deal to control 65 billion barrels of Venezuelan oil
Venezuelan interim president says the unusual agreement will help revive her country's economy.
bbc.co.uk
Fundraiser launched to secure crafting shop future
"We don't want to give up, we want to keep making this work," say the owners.
theguardian.com
‘I’ve £80k in the account, here’s my pin’: turning the tables on the scammers
Plagued by bank impersonation scams, one Guardian Money reader got even by stringing the fraudsters along … for hoursNew payment set up? The bank scam where your ‘bank’ is the scammer“A couple of Sundays ago at just past 11am my mobile rang. An automated message purported to be from Barclays Bank, querying a payment to Argos for more than £1,000. Not only had I not made a payment to Argos recently, nor do I bank with Barclays.I am plagued with these kinds of calls. Usually, when possible, I make it clear to the scammers that I know their game. Usually, that call ends there and then. Continue reading...
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Barber offers free back-to-school haircuts
Guildford barber Sid Gumbrell says he wants to give back and help parents with the cost of living.
theguardian.com
Households could save up to £173 a year by switching to fixed energy deal
Moving tariffs will cushion the blow from the October price cap rise and the increase widely predicted for JanuaryWith higher energy bills looming and warnings of worse to come in the new year, many households could save up to £173 a year by switching to a fixed deal.Millions of households in Great Britain will face the highest energy charges in three years after it was announced that the government’s price cap will rise again in October. This will be the second increase in three months. Continue reading...
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Wife of man who died after turbulence sues airline
Lawyers for Linda Kitchen say her husband was "fatally injured" after the flight dropped 6,000 ft.
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Gatwick Airport faced water outage after main burst
SES Water says it has repaired a burst main which was affecting supply to the airport.
bbc.co.uk
Fed has 'work to do' if price rises don't ease for Americans, Warsh says
Kevin Warsh remarks suggest interest rates could be increased if policymakers think inflation is running too high.
theguardian.com
How did Trump get so rich? | Politics Weekly America
Jonathan Freedland speaks to Dan Alexander of Forbes about how Donald Trump made so much money last year at the same time trade wars, military wars and a rising national debt hurt the US economy Continue reading...
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'Not far enough' - US parents and teens on Meta's new limits for young users
As part of an $18bn settlement in a child-safety lawsuit, Meta announced new restrictions on its apps. We asked families what they thought.
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Selena Gomez pushes back against 'frivolous' fraud claims
Selena Gomez's lawyer says the fraud case is "absurd" - but it is far from unusual for celebrity family business relationships to go wrong.
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What do you spend too much on?
Central London shoppers reveal what they love to splash out on - and share their tips for not overspending.
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The Interview
Kristina Wilfore on how a ‘Male Grievance Industry’ is defrauding men on social media
bbc.co.uk
Overcooked? Why robotic pizza makers are failing
A string of failures has sapped confidence that robots will take over production at pizza restaurants.
bbc.co.uk
Military veterans told they owe thousands of pounds over clerical error
Hundreds of former UK service personnel have had their pensions cut after being overpaid.
bbc.co.uk
I was spending £700 a month: How I beat my late-night shopping addiction
Younger generations are thought to be more susceptible to impulse spending. The BBC looks at ways to get it under control.
theguardian.com
Everyone hates datacentres. Do we really need them? - video
AI companies have promised us world-shifting technology. But there’s a cost: loud, unsightly datacentres that drain environmental resources. As the government pushes their rapid growth, can local communities do anything to push back? Madeleine Finlay speaks to the Guardian’s global technology reporter Aisha Down about the backlash to datacentres across the UK and around the world Continue reading...
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Much-loved ice cream shop to close after 106 years
The family-run shop has been a fixture in Brislington, Bristol since the 1920s.
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The Global Story
The US’s economic pressure could kick-start a global trade conflict
theguardian.com
Drone video shows heat signature of datacenter generators
Drone video shows heat signature of datacenter generators Continue reading...
bbc.co.uk
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
bbc.co.uk
Business Daily
Evergrande was at the heart of China’s property boom, and its dramatic collapse
bbc.co.uk
Firms scramble for battery power in Spain and Portugal
After last year's massive power failure Spanish and Portuguese firms are buying battery back ups.
bbc.co.uk
Drought leaves 'barely any apples' to make cider
Some orchards are harvesting just a 10th of their usual crop, and facing an uncertain future.
bbc.co.uk
'What you see is what you pay' - why some US restaurants are banning tips
Tips are central to US dining culture but some eateries think that they are unfair.
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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